PED COMMITTEE PRESENTATION

DeKalb Regional Land Bank Authority

DeKalb Regional Land Bank Authority

Intergovernmental Agreement between: DeKalb County City of Decatur

Staff Michael Tuller, AICP – Executive Director Cassandra Webster – Program Analyst

What is the Vision of the DRLBA? Serve as a economic development partner in addressing vacant and foreclosed commercial/residential uses.

Acquire residential properties that have the ability to be sold/transferred in a 12 month period.

Create partners both non-profit and for-profit interests to perform interior rehab activities.

Develop a fiscally sustainable program through promoting property donations and creating a mechanism to extinguish back taxes owed, in order to stimulate property ownership, stabilize residential communities, and fostering redevelopment activity.

Initial Plan for Property Disposition:

Transfer 14 Unredeemed & Unforeclosed properties in the DRLBA for stabilization, developing property-specific rehabilitation plans.

Foreclose the Right of Redemption (6-8 weeks) providing the DRLBA with the legal ability to enter the property to perform rehabilitation activities and assess cost impacts for each acquired property.

Work with DeKalb Habitat for Humanity and companies like Walton Properties who have specialized skills in rehabilitating residential structures with Federal Funds (NSP) through development agreements.

Develop project partners through coordination with DeKalb Housing & Community Development, FCCALBA, Invest Atlanta who have databases of contractors with proven records of accomplishment.

Property Assessment Activities: Obtain a professional third-party inspection of the

interior property in order to develop a property-specific development plan of action.

Improve exterior of the property in a code compliant orientation by cutting the grass, removing vegetation/debris, fixing any doors or windows, and establishing a monthly maintenance plan.

Purchasing a liability insurance policy as part of the acquisition process.

Working with third-party developers to rehab the property for disposition with a desire to sell/transfer the property within a 12 month period.

How were the Properties Selected? Through consultation with the FCCALBA, Dr. Frank Alexander,

and DeKalb County leadership it was recommended the U & U properties would be the best opportunity for the DRLBA to acquire residential assets with little or no money necessary upfront.

Staff research over 600 properties from the U & U database to develop a short-list of candidate properties.

Staff focused on properties that were located in stable residential communities where the effort to rehab particular properties would in theory have a pronounced effect on stabilizing the residential community with a rehabilitation activity taking place; ultimately improving property valuations around the subject parcel being undergoing rehabilitation.

The DeKalb Regional Land Bank Authority’s Action Plan: Phases 1 & 2

NovemberOctober December

DRLBA Executive Director presents potential properties for acquisition/disposition to the DRLBA Board of Directors during their monthly scheduled meeting for concurrence in bringing the properties into the land bank through the DeKalb County Board of Commissioners approval.

DeKalb County transfers 15 unredeemed unforeclosed properties to DRLBA for costs of officers levying fee and DRLBA gains interest in those 15 properties.

Environmental Assessments and Property Appraisals scheduled and conducted for candidate properties

DRLBA receives unrestricted funds for officers levying fee.

DRLBA initiates Foreclosing the Right of Redemption proceedings (2 month process).

DRLBA Staff advertise RFQ/RFP for contractors to perform (a) landscaping/trash removal/ property stabilization, (b) Residential Rehabilitation Developers (non-profit and for-profit), and (c) insurance agency property liability policies solicited.

Foreclosing the Right of Redemption process completed. DRLBA Staff initiates property liability policies for all the subject properties under the land bank’s direction. Quiet title proceeding would commence subsequent to Foreclosing the Right of Redemption on the respective properties.

DRLBA and development partner establish work plan to rehabilitate the property with the DRLBA stabilizing exterior of property and development partner rehabilitating interior.

PHASE 1Barment Process

PHASE 2

Upon transfer, development partner holds responsibility and ownership of the property and becomes responsible for transfer of property to new owners based on NSP guidelines.

JanuaryDecember

Property Environmental Assessments and Appraisals completed where candidate properties are prioritized for rehabilitation initiatives based on report findings.

Properties listed on the DRLBA website for acquisition/disposition activities.

Awarded contractor(s) begin exterior property stabilization processes, including trash removal, landscaping, and property stabilization of the residential structure, as necessary.

Third-party developers (non-profit and/or for-profit) awarded properties for rehabilitation in a priority orientation. Development Agreements created and endorsed during barment process.

DRLBA upon completed rehabilitation transfers property to development partner for fees equivalent to DRLBA’s investment in the property (approximately $10-$12k).

Properties completed for rehabilitation marketed for low/moderate income residents to take possession after inspections and occupancy certificates have been processed

February

MarchDRLBA monitors activities of contractors and maintains all necessary federal reporting requirements.

The DeKalb Regional Land Bank Authority’s Action Plan: Phase 3

Map Indicator ParcelID Address City/NPU

Deed Year

Zone CDLevying Officer

FeesTotal

Taxes Owed

Current Assessed

Value 

A16 069 02

0135827 CHRISTOPHER

LN

Lithonia (South Redan) 2010 R100

5 (7)

$355.68$7,594.20

$118,000.00

B16 035 01

2521327 MUIRFOREST

WAY

Stone Mountain (Hidden Hills) 2010 RCD

5 (7)

$422.37$6,223.28

$ 26,100.00

C15 188 01

0941684 LIBERTY VLY

Decatur (Towers)2010 R75

5 (7)

$478.03$7,317.03

$ 27,800.00

D15 135 04

0012271 COLUMBIA DR

Decatur (Glenwood Hills/Columbia) 2010 R75

3 (7)

$474.57$9,897.00

$ 67,520.00

E15 170 15

0112662 NORTHVIEW

AVE

Candler-McAfee (Glenwood Hills) 2010 R75

3 (7)

$477.39$9,098.07

$ 63,100.00

G15 151 09

0852490 BRENTWOOD

RD

Decatur (McAfee)2010 R75

3 (6)

$445.99$6,371.39

$ 80,500.00

H15 188 11

0191813 W AUSTIN RD

Decatur (Towers)2010 R75

5 (7)

$477.22$6,811.09

$ 88,900.00

I15 198 03

0053465 JACKSON DR

Decatur (Towers)2010 R75

3 (7)

$559.66$12,191.57

$ 95,300.00

J 15 043 02 093

3858 ROLLING PLConley (Cedar

Grove) 2010 R1003

(6)$485.08

$7,624.49

$102,900.00

K 15 137 09 022

2474 OUSLEY CTDecatur (McAfee)

2010 R75 3 $494.93$7,584.40

$100,800.00

L15 081 09

0011173 KEY RD

Atlanta (Constitution) 2009 R75

3 (6)

$382.96$6,134.67

$ 47,040.00

M16 059 02

0585587 SAINT THOMAS

DR

Lithonia (South Redan) 2010 RA5

5 (7)

$459.83$6,533.39

$ 27,900.00

N15 188 09

0213619 TULIP DR

Decatur (Towers)2010 R75

5 (7)

$485.30$7,634.41

$102,300.00

O16 091 04

0032003 HILDA BURNS

PLACELithonia (Marbut) 2011 R75

5 (7)

$786.32 $8,756.40$44,640.00

How you can get involved: If there are any vacant or abandoned properties

in your neighborhood contact the Land Bank.

The Land Bank will investigate the property to determine whether it is a potential candidate for acquisition by the Land Bank.

The Land Bank will then provide a response to you regarding whether or not it can acquire the property at this time and provide insight into potential next steps regarding the property in question.